OSI Systems Receives Queen's Award for Enterprise in Innovation 2012

HAWTHORNE, Calif.--(BUSINESS WIRE)--
OSI
Systems, Inc. (NASDAQ:OSIS), a vertically-integrated provider of
specialized electronics and services, today announced that, its Security
division, Rapiscan Systems, has been awarded the Queen's Award for
Enterprise in Innovation 2012. Widely regarded as the UK's most
prestigious awards for business performance, the Queen's Award for
Enterprise in Innovation has been awarded to Rapiscan Systems for the
development of its Eagle Radiation Detection solutions, which offer
superior threat detection in the most complex of security scanning
environments. Rapiscan Systems' Cargo and Vehicle Inspection (CVI) team,
based in the UK, developed the Eagle Radiation Detection device to
identify gamma or gamma neutron radiation emitted from containerized or
vehicle-borne cargo.

"We are honored to receive this award as recognition for the outstanding
work that is carried out by our CVI team in developing innovative
security screening solutions," said Ajay Mehra, President, Rapiscan
Systems, Inc. "As well as receiving recognition for the effort that goes
into the research and development of our solutions at Rapiscan Systems
in the UK, it also represents our ongoing commitment to promote and lead
UK innovation and manufacturing."

About OSI Systems, Inc.

OSI Systems, Inc. is a vertically integrated designer and manufacturer
of specialized electronic systems and components for critical
applications in the homeland security, healthcare, defense and aerospace
industries. We combine more than 30 years of electronics engineering and
manufacturing experience with offices and production facilities in more
than a dozen countries to implement a strategy of expansion into
selective end product markets. For more information on OSI Systems Inc.
or any of its subsidiary companies, visit www.osi-systems.com.
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This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements
relate to the Company's current expectations, beliefs, projections and
similar expressions concerning matters that are not historical facts and
are not guarantees of future performance.Forward-looking
statements involve uncertainties, risks, assumptions and contingencies,
many of which are outside the Company's control, that may cause actual
results to differ materially from those described in or implied by any
forward-looking statement.All forward-looking statements are
based on currently available information and speak only as of the date
on which they are made.The Company assumes no obligation to
update any forward-looking statement made in this press release that
becomes untrue because of subsequent events, new information or
otherwise, except to the extent it is required to do so in connection
with its ongoing requirements under Federal securities laws.For
a further discussion of these and other factors that could cause the
Company's future results to differ materially from any forward-looking
statements, see the section entitled "Risk Factors" in the Company's
Annual Report on Form 10-K for the year ended June 30, 2011 and other
risks described in documents subsequently filed by the Company from time
to time with the Securities and Exchange Commission.